Tag: Financial technology

It is not possible to purchase Ethereum Classic directly using U.S. dollars. Investors seeking to acquire Ethereum Classic must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or …

Ethereum Classic (CURRENCY:ETC) traded down 4.2% against the U.S. dollar during the 1-day period ending at 23:00 PM E.T. on January 30th. One Ethereum Classic coin can currently be purchased for approximately $36.86 or 0.00343093 BTC on popular cryptocurrency exchanges including GOPAX, CoinFalcon, EXX and OKEx. Ethereum Classic has a total market cap of $3.69 billion and approximately $792.48 million worth of Ethereum Classic was traded on exchanges in the last day. Over the last week, Ethereum Classic has traded up 7.3% against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

Bitcoin (BTC) traded 2.2% lower against the dollar and now trades at $10,882.30 or 1.00000000 BTC.

Ethereum (ETH) traded 3.5% lower against the dollar and now trades at $863.81 or 0.08040080 BTC.

Bitcoin Cash (BCH) traded 4.4% lower against the dollar and now trades at $1,334.46 or 0.12420800 BTC.

Litecoin (LTC) traded down 3.3% against the dollar and now trades at $218.54 or 0.02034120 BTC.

Monero (XMR) traded 7.8% higher against the dollar and now trades at $316.04 or 0.02941570 BTC.

RaiBlocks (XRB) traded 32.3% higher against the dollar and now trades at $18.58 or 0.00186028 BTC.

Bitcoin Gold (BTG) traded down 2.3% against the dollar and now trades at $126.95 or 0.01181600 BTC.

Zcash (ZEC) traded 4.4% higher against the dollar and now trades at $444.63 or 0.04138470 BTC.

Nano (NANO) traded 25.8% higher against the dollar and now trades at $9.00 or 0.00083741 BTC.

Verge (XVG) traded 0.4% lower against the dollar and now trades at $0.0684 or 0.00000637 BTC.

Ethereum Classic Profile

Ethereum Classic (CURRENCY:ETC) is a proof-of-work (PoW) coin that uses the Ethash hashing algorithm. Its launch date was July 30th, 2015. Ethereum Classic’s total supply is 100,030,850 coins. The official message board for Ethereum Classic is forum.ethereum.org. The official website for Ethereum Classic is www.ethereum.org. Ethereum Classic’s official Twitter account is @eth_classic and its Facebook page is accessible here. The Reddit community for Ethereum Classic is /r/EthereumClassic and the currency’s Github account can be viewed here.

According to CryptoCompare, “Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction. The Ethereum Classic mission statement is: “We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can’t shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted – by anyone.” Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/ In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.”

Litecoin logo Litecoin (CURRENCY:LTC) traded down 3.3% against the US dollar during the 1-day period ending at 23:00 PM ET on January 30th. During the last week, Litecoin has traded down 3.9% against the US dollar. Litecoin has a market cap of $12.09 billion and approximately $1.05 billion …

Litecoin (CURRENCY:LTC) traded down 3.3% against the US dollar during the 1-day period ending at 23:00 PM ET on January 30th. During the last week, Litecoin has traded down 3.9% against the US dollar. Litecoin has a market cap of $12.09 billion and approximately $1.05 billion worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can now be bought for approximately $218.54 or 0.02034120 BTC on exchanges including VirtacoinWorld, Bitbank, Coinsquare and BTC-Alpha.

Here is how related cryptocurrencies have performed during the last 24 hours:

Verge (XVG) traded 0.4% lower against the dollar and now trades at $0.0684 or 0.00000637 BTC.

Dogecoin (DOGE) traded 5.4% lower against the dollar and now trades at $0.0068 or 0.00000063 BTC.

Bytom (BTM) traded down 1% against the dollar and now trades at $0.36 or 0.00003306 BTC.

Syscoin (SYS) traded down 5.7% against the dollar and now trades at $0.65 or 0.00006058 BTC.

Polymath (POLY) traded 8.4% higher against the dollar and now trades at $1.37 or 0.00012737 BTC.

GameCredits (GAME) traded 5.4% lower against the dollar and now trades at $2.59 or 0.00024096 BTC.

BridgeCoin (BCO) traded down 2.5% against the dollar and now trades at $4.69 or 0.00043676 BTC.

Einsteinium (EMC2) traded 0.6% lower against the dollar and now trades at $0.36 or 0.00003382 BTC.

CyberMiles (CMT) traded 4.4% lower against the dollar and now trades at $0.17 or 0.00001600 BTC.

Viacoin (VIA) traded 6.3% lower against the dollar and now trades at $2.72 or 0.00025348 BTC.

Litecoin Coin Profile

Litecoin (LTC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its launch date was October 8th, 2011. Litecoin’s total supply is 55,324,483 coins. Litecoin’s official Twitter account is @LitecoinProject and its Facebook page is accessible here. The Reddit community for Litecoin is /r/litecoin and the currency’s Github account can be viewed here. The official message board for Litecoin is litecointalk.io. The official website for Litecoin is litecoin.com.

According to CryptoCompare, “Litecoin LTC – provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have – which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones – however it has a solid base of support and dedicated development team.The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.”

Ethereum Gold logo Ethereum Gold (CURRENCY:ETG) traded down 39.5% against the dollar during the 1-day period ending at 21:00 PM E.T. on January 30th. Over the last seven days, Ethereum Gold has traded 14.3% lower against the dollar. Ethereum Gold has a total market cap of $1.15 million and …

Ethereum Gold (CURRENCY:ETG) traded down 39.5% against the dollar during the 1-day period ending at 21:00 PM E.T. on January 30th. Over the last seven days, Ethereum Gold has traded 14.3% lower against the dollar. Ethereum Gold has a total market cap of $1.15 million and $8,589.00 worth of Ethereum Gold was traded on exchanges in the last day. One Ethereum Gold coin can now be purchased for about $0.0959 or 0.00000903 BTC on cryptocurrency exchanges including Bitso, xBTCe, GOPAX and Binance.

Here’s how other cryptocurrencies have performed over the last day:

Ripple (XRP) traded 5.1% lower against the dollar and now trades at $1.02 or 0.00009624 BTC.

NEO (NEO) traded 3% lower against the dollar and now trades at $124.01 or 0.01168580 BTC.

Stellar (XLM) traded 0.9% higher against the dollar and now trades at $0.40 or 0.00003812 BTC.

IOTA (MIOTA) traded 5.3% lower against the dollar and now trades at $1.77 or 0.00016662 BTC.

TRON (TRX) traded 1.4% lower against the dollar and now trades at $0.0456 or 0.00000430 BTC.

VeChain (VEN) traded down 4.7% against the dollar and now trades at $6.00 or 0.00056531 BTC.

Tether (USDT) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00009420 BTC.

Binance Coin (BNB) traded down 4.4% against the dollar and now trades at $9.53 or 0.00089797 BTC.

Populous (PPT) traded 0.7% higher against the dollar and now trades at $24.42 or 0.00230066 BTC.

RChain (RHOC) traded 10% lower against the dollar and now trades at $2.14 or 0.00020165 BTC.

Ethereum Gold Coin Profile

Ethereum Gold’s genesis date was October 13th, 2017. Ethereum Gold’s total supply is 24,000,000 coins and its circulating supply is 12,000,000 coins. The Reddit community for Ethereum Gold is /r/ethereum and the currency’s Github account can be viewed here. Ethereum Gold’s official website is www.ethereum.org. Ethereum Gold’s official Twitter account is @ethereumgoldetg. The official message board for Ethereum Gold is forum.ethereum.org.

According to CryptoCompare, “EthereumGold is an Ethereum clone. It has a supply of 24,000,000 ETG tokens. “

On the Coinbase/GDAX exchange, its price fell to a low of $100.20 on February 2’s bottom. But on the subsequent bounce and recovery, the price regained over 100%, breaking into the mid 200s. Here it deviated from BTC and ETH and exploded on February 19 to $251.90, leaving other major cryptos in …

Litecoin (LTC) – In the last week the established cryptocurrency Litecoin (LTC) began to chart its own course. Its price relatively deviated in correlation with the prices of major cryptos like Bitcoin (BTC) and Ethereum (ETH). Investors and traders should pay attention to important news on Litecoin’s fundamentals as well as technical trends and indicators going forward. Interested traders especially should decide if they think Litecoin can break out of its mold and continue chartings its own path or if it will fall back in lockstep with the broader crypto markets.

Litecoin has performed remarkably well in light of January and February’s crash and bear market. On the Coinbase/GDAX exchange, its price fell to a low of $100.20 on February 2’s bottom. But on the subsequent bounce and recovery, the price regained over 100%, breaking into the mid 200s. Here it deviated from BTC and ETH and exploded on February 19 to $251.90, leaving other major cryptos in the dust. But shortly after, the momentum behind the upsurge vanished, and LTC plummeted in extreme volatility, falling almost 20% to $215.55 in only 2 hours. Since then, LTC has bounced around within a tight range between about $205 and $230.

Fundamentally, there seems to have been no news that contributed to the price drop of LTC as well as the other major cryptos. The only recent news was the highly suspicious rollout of a hard fork, Litecoin Cash, earlier this week. Litecoin’s founder Charlie Lee himself warned people on Twitter against Litecoin Cash and attempting to redeem for the new forked coins because there might be malicious actors looking to defraud and trick LTC owners into revealing their private keys or passwords. Also, it does not make sense for people to recklessly buy LTC in hopes of gaining forked Litecoin Cash. Nobody really knows if Litecoin Cash is legitimate yet, there are no established markets or exchanges for people to sell their newly acquired Litecoin Cash, and there is no verifiably safe way to obtain forked Litecoin Cash. So it seems the LTC bull run was mostly due to exuberance and technical factors.

LTC holders have ample reason to be happy. LTC has outperformed its peers BTC and Bitcoin Cash (BCH) in recent periods. Year-to-date, BTC is down over 20%, and BCH is down a whopping 45%. LTC has outperformed ETH in February. ETH is down almost 20%, but LTC is up 50%. So there is definitely momentum behind LTC recent moves. If BTC, ETH, and BCH continue to disappoint investors, perhaps capital could flow into LTC instead.

Technically, LTC price is at a crossroads. On the 1-day chart, a bearish pin pattern is arguably forming, with violent price rejection at highs around $250. But LTC remains above its short-term and long-term 20 and 200 period exponential moving averages. It is also near the top of its Bollinger bands. Although the moving average convergence divergence (MACD) is decreasing, it is still positive. These technical factors suggest that LTC has experienced a sharp pullback but could possibly retrace higher. In the next few days, the key levels to watch are $200 and $232. Massive support is waiting around the $200 mark, and yesterday’s price rejection at $204.71 indicates an critical area of value. But bears are densely congregated near $230 to $232, and large sell walls currently prevent price from retesting February 19 highs. In the next few periods, traders should watch to see whether price continues to range, breaks $200, or rises past $232. Ranging markets are suitable for scalping, but breakouts to the downside or upside could indicate bigger momentum opportunities to go short or long.

Please leave a comment below to share and discuss where you think LTC price will go next.

First of all, it is of standard before stepping in to invest or trade a particular cryptocurrency that is changing hands in the market, you have to do your own research with no importance as to which coin it is. At the same time, as you are going link after link, platform after platform, you might run into fake news …

First of all, it is of standard before stepping in to invest or trade a particular cryptocurrency that is changing hands in the market, you have to do your own research with no importance as to which coin it is. At the same time, as you are going link after link, platform after platform, you might run into fake news which could change your mind one chosen crypto.

Twitter seems to be the main tool for following up with how well currencies are doing given the fact that lots of people are sharing new information about the currencies at all times. Even developers have found social media very useful as they can now share their announcements and get to a wide array of targeted audiences quickly.

So, using a particular platform, the approach towards information and data in general around the virtual currencies has become easier and faster, which is why the latest development regarding IOTA spread very fast.

As it seems, the crypto that is positioned as the 11th largest coin by market capitalization in global-scale is not pairing to its realistic price as it should be lower – according to many analysts and various individuals.

The issue that gave birth to this war among IOTA fans that mostly went on Twitter, one of the largest social platforms, was the declaration of cryptocurrency experts that have shared their opinion publicly about having IOTA trading at an unrealistically high price when compared to its true value and technical capabilities.

To add on the matter, proof was delivered by them showcasing that the price should not climb higher due to purposeful flaws in the system. According to what info and data is being spread, the crypto-experts have proven that the platform is a centralized network in contrary to blockchain and with no characteristic of a decentralized network. Continuing, the network is unstable with flaws and errors that are set on purpose and intention.

After this announcement, confirmed widely across the internet with solid proof of the story, developers have refused to talk to the press and answer any questions regarding IOTA, its systems, alleged flaws and the most recently confirmed accusations.

On the other hand, IOTA fans supporting the silent war of the team behind the coin, have entered a phase of them against everybody, going that far as reporting accounts that share the information.

Time has still to tell what is true and what news should be believed, however it is for sure that many are complaining about their funds and that IOTA price is trading under the $1.80 level while sinking even lower.

The recent fall in price might be the result of the IOTA promoters sharing fake news as much as the result of the recent discovery that IOTA can’t be considered to be a decentralized platform. Obviously, if the accusations are true traders and investors could return to sell mode but it should be not long before it is set as to what news should be believed.